London Business School has created its first new graduate course in six years with the launch of a masters in financial analysis programme for students with little or no experience of working in the industry.
The course, which complements LBS’s existing post-experience masters in finance programme, reflects the appetite for financial training in London.
The UK capital remains a global banking hub despite the ravages of the 2008 financial crisis and an attractive place to study for students from around the world.
Only 7 per cent of LBS students are British and the typical study group of six or seven people includes five different nationalities. The international nature of the school is particularly relevant to a global industry like finance, according to LBS dean Sir Andrew Likierman.
“There is a reasonable assumption that many of the people coming on this course will work somewhere other than London when they graduate,” he says. “But as a place to study, London provides them with a different culture.”
The new course will cost £31,000 and will be run from the refurbished former Marylebone Town Hall building, acquired by LBS in 2012 and a stone’s throw from the main campus on the edge of Regents Park.
The constraints on the school’s facilities prior to the purchase of the new building had become a barrier to adding courses, according to Sir Andrew. “We couldn’t do this before because we didn’t have the physical space,” he explains.
The masters in financial analysis curriculum is built on several “fundamental pillars”, consisting of corporate finance, asset management, accounting, financial markets, financial econometrics and global markets.
LBS consulted with several recruitment companies to understand the needs of employers in the financial services industry when designing the new course’s programme.
All agreed that the development of soft skills, such as commitment, communication and commercial awareness, were vital for job candidates in this market, according to an LBS spokesperson.
The first class for the new course will start on 2 September 2016. While students will be expected to be based in London for the duration of the course, they will take part in up to five-weeks long immersion field trips to locations such as Shanghai, Silicon Valley and New York.
Up to 75 students will be allowed onto the programme assuming that there are sufficient of applicants of the required standard, according to Sir Andrew. “We don’t set target numbers [for students] because we have to make sure that we have got the correct quality,” he adds.
LBS’s post-experience course has topped the FT’s masters in finance rankings since they were first published in 2011. This programme retained the top place in the latest tables, published today, with its students recording the highest salaries on average three years after graduation and giving the highest score among their peers for aims achieved.
In the pre-experience market LBS faces strong competition from the likes of HEC Paris, which has been as dominant in the FT’s rankings as LBS has been for post-experience programmes.